Banking

Stocks To Watch: GMS Sees RS Rating Jump To 83

When building your watch list, focus on stocks with an 80 or higher RS Rating. GMS (GMS) just met that criteria with a new score of 83.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary RS Rating measures market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of other stocks on the major indexes.

Decades of market research reveals that the best stocks typically have an RS Rating of above 80 in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


GMS is working on a consolidation with a 53.95 entry. See if it can break out in heavy trading.

Earnings growth declined in the most recent report from 91% to 78%. But sales moved higher, from 21% to 30%.

GMS earns the No. 4 rank among its peers in the Retail/Wholesale-Building Products industry group. SiteOne Landscape Supply (SITE) and Bluelinx (BXC) are also among the group’s highest-rated stocks.

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